Act Info:
(1) Save where in the opinion of the Board circumstances of extreme urgency have arisen, no sum exceeding1[seventy-five thousand] rupees on account of recurring expenditure or exceeding2[three lakhs] of rupees on account of non-recurring expenditure shall be expended by the Board in any year of account unless such sum has been included in a statement submitted under sub-section (1) or sub-section (5) of section 61.
(2) Where any such sum is expended under circumstances of extreme urgency3[, it shall be expended in accordance with the regulations made by the Board with the previous approval of the State Government and] a report thereon indicating the source from which it is proposed to meet the expenditure shall be made as soon as practicable to the State Government.
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1. Substituted by Act 30 of 1966, Section 13, for "twenty-five thousand" w.e.f. 16-9-1966.
2. Substituted by Act 30 of 1966, Section 13, for "one lakh" w.e.f. 16-9-1966.
3. Inserted by Act 23 of 1978, Section 11 w.e.f. 3-6-1978.